Exercise 128 (Algo) Calculate profitability ratios (LO12-4) The balance sheets for Video Screens Corporation and additional information are provided below. Required: 1. Calculate the following profitability ratios for 2024 : 2. When we compare two companies, can one have a higher return on assets while the other has a higher return on equit Complete this question by entering your answers in the tabs below. Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.) 2. Sales on account are $1,557,000. (All sales are credit sales.) 3. Cost of goods sold is $1,185,900. Required: 1. Calculate the following profitability ratios for 2024 : 2. When we compare two companies, can one have a higher return on assets while the other has a higher return on equity? Complete this question by entering your answers in the tabs below. Calculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.)